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In 2024 the BBC estimated that around 1,8 million people in the UK are now in £50,000 or more in student debt stating upwards of 61,000 have balances of above £100,000, citing figures from the Student Loans Company (SLC) and stated another 50 people each owe upwards of £200,000.
The Student Loans Company ( SLC) is an executive non-departmental public body company in the United Kingdom that provides student loans. It is owned by the UK Government 's Department for Education (85%), the Scottish Government (5%), the Welsh Government (5%) and the Northern Ireland Executive (5%). [ 1] The SLC is funded entirely by the UK ...
Starting with 1999-2000, maintenance grants for living expenses would also be replaced with loans and paid back at a rate of 9 per cent of a graduate's income above £10,000. [11] All loans would be government funded and administered by the Student Loans Company, the organisation responsible for administering loans throughout the UK. [14] [note 2]
The graduate with the most unpaid student debt in the UK owes more than £231,000, while another loan holder racked up interest exceeding £50,000, according to new data.
Someone with a student loan balance of £45,000 would reduce their accumulating interest by around £210 per month under the newly-announced rates compared to 12% interest rates, the department added.
In Wales tuition fees are capped at £9,250 [ 63] for all UK students as of September 2024, having increased by £250 from the previous £9,000. Welsh students may apply for a non-means tested tuition fee loan to cover 100 per cent of tuition fee costs wherever they choose to study in the UK.
Welsh sixth-form uni applications lowest in UK. Everything you need to know about student loans. ... "We have raised the fee limit for full-time higher education courses in Wales to £9,250 to ...
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